Plush residential areas in Hyderabad

HYDRABAD:The land of the royals, Hyderabad, is familiar to the concept of luxury and opulence. Premium properties are making a comeback in the city. New real estate developers such as Mahindra Lifespaces, Emmar Group, Bollineni Developers Ltd and Aliens Group, among others are active in this segment. Popular locations for these luxurious properties are Banjara Hillls, Jubilee Hills, Madhapur, Begumpet, Hi-tech City and Gachibowli.

The high-end residential properties are multi-storey apartments, residential houses, villas and residential plots. The capital values of these properties start from Rs 2 crore onwards. The cost of residential plots is Rs 17 crore and above.
The in-house and external amenities being offered encompasses private terraces, gardens, RO water systems, intercom facility, internet facility, DTH television facility, laundry system, gymnasium, club house, swimming pool and a host of other services. Needless to say, these premium localities are well connected to other parts of the city.

The social infrastructure is well developed in these areas. Hospitals, malls, banks, modes of transport, schools and colleges are all located near these residential areas. Pooja V from Pooja Ventures Pvt Ltd says, “Places like Balaji Hills is synonymous with the rich of the city of Hyderabad. A good blend of residential pockets and a high-end commercial activity ranging from branded showrooms to spas to jeweller showrooms to malls to multiplexes and a host of other commercial properties like Showrooms, Hotels, Hospitals, Business Centers, Parks and Offices is characteristic of all premium localities of Hyderabad.”

These premium residential areas are easily accessible by taxis, autos and buses. They are mostly secured areas with a police station in close vicinity. Anirudh Mohan, Vice President of Shanta Sriram Constructions (P) Ltd had earlier mentioned to MagicBricks.com, “Hyderabad is currently the most undervalued market amongst the metros. Good amenities are being offered at very reasonable prices for residential projects. It is a huge opportunity for people to invest in Hyderabad as the property values here are almost half as compared to similar quality projects in other cities such as Bangalore or Chennai.”

With a rise in the number of plush residential options and increasing number of developers interested in the city, Hyderabad in future will soon be considered a city of luxury properties.

A review by the collector’s office has found violations on a majority of plots allotted on lease in the suburbs. On plots where the lease has run out, violations have been detected in about 95% of the cases.

Marurai: Officials from the local planning authority (LPA) on Thursday sealed a multi-storeyed building in the city at Kalavasal that houses a retail supermarket, which was recently inaugurated. Official sources said that the building was constructed without adequate back space whereby rescue operations in case of emergencies would become difficult.

In a first, the Maharashtra Housing and Area Development Authority (Mhada) is planning to hold a second round of lottery for 2,450 under-construction flats around Diwali this year. The flats, which would be completed early next year, would be located in Virar, said Mhada vice-chairman Satish Gavai.

For Somesh Vaidya, who shifted to Virar from Borivili, it was a decision he would not regret. The area has excellent connectivity, more open space and social infrastructure is no less compared to the other suburbs. Another added advantage of buying property here is its easy accessibility to Mumbai via the Western Express Highway, which is just five kms from the area and the Metro is only in three kms. The roads are also constructed well and are in good shape.

One may wonder why the sudden gust of Green Homes. Why are real estate developers suddenly focused on building green buildings/townships? Magicricks.com understands the benefits of investment and the interest of developers in green homes. It has launched its www.magicbricks.com/gogreen microsite to celebrate World Environment Day for the entire month of June 2013.

High rise building projects in India’s commercial capital Mumbai might get a breather from the ministry of environment and forests (MOEF) guidelines linking height of the building with a width of a near-by road and a distance from fire station.

Housing Development and Infrastructure (HDIL) has slipped 9% to Rs 46.90 after reporting a consolidated net loss of Rs 280 crore for the quarter ended March 31, 2013 (Q4) due to exceptional loss of Rs 442 crore pertaining to Mumbai International Airport Slum Rehabilitation project.
The Mumbai-based real estate developer had a net profit of Rs 316 crore in the same period a year ago.
The company’s income from operations declined sharply 77% to Rs 140 crore from Rs 622 crore during the recen

Tough times are far from over for the real estate sector. The inventory pile-up across the National Capital Region (NCR), Mumbai Metropolitan Region (MMR) and Hyderabad have almost doubled in the last three years, signalling the market is to yet recover.